Fillable 2021 Schedule M1M, Income Addions and Subtracons (Minnesota Department of Revenue)

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2021 Schedule M1M, Income Addions and Subtracons (Minnesota Department of Revenue)

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Addions to Income
1 Interest from municipal bonds of another state or its governmental units
included on line 2a of federal Form 1040 ....................................................... 1
2 Federallytax-exemptdividendsfrommutualfundsinvesnginbondsofanotherstate
or its governmental units included on line 2a of federal Form 1040 ................................. 2
3 Expensesdeductedonyourfederalreturnaributabletoincomenottaxed
by Minnesota (other than interest or mutual fund dividends from U.S. bonds) ........................ 3
4 Capitalgainporonofalump-sumdistribuon(from line 6 of federal Form 4972; enclose Form 4972) ... 4
5 Addionfromline7ofScheduleM1HOME(enclose Schedule M1HOME) ............................ 5
6 DistribuonsfromhighereducaonsavingsaccountsusedforK-12tuion(see instrucons) ............6
7 Thislineintenonallyleblank ............................................................... 7
8 Thislineintenonallyleblank ............................................................... 8
9 Addionfromline35ofScheduleM1NC ....................................................... 9
10 Add lines 1 through 9. Enter the total here and on line 2 of Form M1 .............................. 10
Subtracons from Income
11 IfyouarenotlingScheduleM1SA,andyourcharitablecontribuons
weremorethan$500,seeinstrucons....................................................... 11
12 SocialSecuritybenetsubtracon(determine from worksheet in instrucons) ....................... 12
13 EducaonexpensesyoupaidforyourqualifyingchildreningradesK–12(see instrucons)
Enter the name and grade of each child on the line below ........................................ 13
14 NetinterestormutualfunddividendsfromU.S.bonds(see instrucons) ........................... 14
15 Subtraconforcontribuonstoaqualiededucaonsavingsplan(enclose Schedule M1529) .......... 15
16 Subtraconforpersonsage65orolder,orpermanentlyandtotallydisabled(enclose Schedule M1R) ... 16
17 RailroadRerementBoardbenets (see instrucons) ........................................... 17
18 IfyouarearesidentofMichiganorNorthDakotalingFormM1onlytoreceivearefundofallMinnesota
taxwithheld,entertheamountfromline1ofFormM1.Iftheamountiszeroorless,enter0 .......... 18
• Place an X in one box to indicate the reciprocity state
of which you were a resident during 2021 .......................
Michigan NorthDakota
19 SubtraconofreservaonincomeforAmericanIndians(see instrucons) .......................... 19
20 FederalacvedutymilitarypayreceivedforservicesperformedwhileaMinnesota
resident,totheextenttheincomeisfederallytaxable.Ifyoureceivedamilitarypension,seeline25.... 20
21 Minnesota Naonal Guard members and reservists:Seeinstrucons ............................. 21
2021 Schedule M1M, Income Addions and Subtracons
Completethisscheduletodetermineline2andline7ofFormM1.
9995
YourFirstNameandInial YourLastName YourSocialSecurityNumber
*211551*
9995
22 Residents of another state:Enteryourfederalacveservicemilitarypay,totheextenttheincome
isfederallytaxable.Ifyoureceivedamilitarypension,seeline25.................................. 22
23 OrganDonorSubtracon (see instrucons) .................................................... 23
24 Volunteermileagereimbursementsubtracon ................................................. 24
25 Subtraconformilitarypensionsorothermilitaryrerementpay (see instrucons) .................. 25
26 Post-serviceeducaonawardsreceivedforserviceinanAmeriCorpsNaonalServiceprogram ........ 26
27 Subtraconforinterestearnedfromadesignatedrst-mehomebuyersavingsaccount
(enclose Schedule M1HOME) ................................................................ 27
28 Subtraconfordischargeofindebtednessofeducaonalloans(see instrucons) .................... 28
29 Thislineintenonallyleblank .............................................................. 29
30 Thislineintenonallyleblank ............................................................. 30
31 Subtraconfromline35ofScheduleM1NC.Enterasaposivenumber ............................ 31
32 Addlines11through31.Enterthetotalhereandonline7ofFormM1............................. 32
You must include this schedule with your Form M1.
2021 M1M, page 2
*211521*
2021 Schedule M1M Instrucons
Addions
Line 1 — Interest From Municipal Bonds of Another State or its Governmental Units
Of the amount you included (or should have included) on line 2a of federal Form 1040, add the interest you received from municipal bonds
issued by:
• A state other than Minnesota
• A local government (such as a county or city) in a state other than Minnesota
Line 2 — Federally Tax-Exempt Dividends from Mutual Funds Invesng in Bonds of Another State
If you received federally tax-exempt interest dividends from a mutual fund, you may have to enter an amount on line 2. To determine the
amount, if any, use the following instructions:
• If 95% or more of the federally tax-exempt dividends from a mutual fund came from bonds issued by Minnesota, include only the portion
of the federally tax-exempt dividend generated by non-Minnesota bonds.
• If less than 95% of the federally tax-exempt interest dividends from a mutual fund came from bonds issued by Minnesota, include all of
the federally tax-exempt interest dividend from that fund.
Line 3 — Expenses Relang to Income Not Taxed by Minnesota, Other Than From U.S. Bond Obligaons
If you deducted expenses on your federal return connected with income not taxed by Minnesota (such as income reported on lines 17 through
22 of Schedule M1M), add those expenses to your taxable income.
Do not include expenses connected with interest or mutual fund dividends from U.S. bonds. For information on how to report these expenses,
see the instructions for line 14.
Line 4 — Capital Gain Poron of a Lump-Sum Distribuon From a Qualied Rerement Plan
If you received a qualifying lump-sum distribution in 2021 and you chose the capital gain election on federal Form 4972, enter the capital
gain from line 6 of federal Form 4972. Include a copy of federal Form 4972 when you le your return.
Line 5 — First-Time Homebuyer Savings Account Addion
If you made a nonqualied withdrawal from a rst-time homebuyer savings account, you may be required to include those amounts in your
taxable income. Complete and include Schedule M1HOME, First-Time Homebuyer Savings Account, to determine your addition.
Line 6 — Higher Educaon Savings Accounts Used for K-12 Tuion
If you paid K-12 tuition with a distribution from a higher education savings account, include the lesser of the total distributions from the ac-
count used to pay K-12 tuition or the total earnings reported on federal Form 1099-Q for the year.
Subtracons
Line 11 — Charitable Contribuons over $500
You may subtract some of your contributions made during the year if both of the following are true:
• You did not le Schedule M1SA, Minnesota Itemized Deductions.
• You made charitable contributions of more than $500.
To determine your allowable contributions, see the instructions for Schedule M1SA, and use the Worksheet for Line 11.
Line 12 — Social Security Subtracon
If you entered an amount on line 6b of federal Form 1040, complete the Worksheet for Line 12.
If you completed Schedule M1NC, Federal Adjustments, use the Worksheet for Line 12 of Schedule M1M in the Schedule M1NC instruc-
tions.
M1M-1
Connued
Worksheet for Line 11
To determine your allowable contributions, you will need the instructions for Schedule M1SA.
1 Determine total allowable charitable contributions you would have been able to enter on lines 15 and 16 of Schedule M1SA ...
2 The rst $500 of contributions do not qualify .................................................................
3 Subtract step 2 from step 1 ................................................................................
4 Multiply step 3 by 50% (.50). Enter here and on line 11 of Schedule M1M .............................................
$500
Line 13 — K-12 Educaon Expense Subtracon
If you purchased qualifying educational materials or services in 2021 for your qualifying child’s K–12 education, you may be able to reduce
your taxable income.
If you qualify for the K-12 Education Credit, complete Schedule M1ED before entering an amount on this line (see instructions for line 3
of Schedule M1REF, Refundable Credits). For this subtraction, you may use qualifying expenses you did not use for the credit and tuition
expenses which do not qualify for the credit. You may not claim both the credit and a subtraction for the same expenses. Complete the Work-
sheet for Line 13 if you entered an amount on line 18 of Schedule M1ED.
To subtract your education expenses, the child must:
• Be your child, adopted child, stepchild, grandchild, or foster child who lived with you in the United States for more than half of the year.
• Have been in grades K–12 during 2021.
• Have attended a public, private, or home school in Minnesota, Iowa, North Dakota, South Dakota, or Wisconsin.
• Not be claimed as a qualifying child on another individual’s return.
In addition to the above requirements, you must have purchased educational services or required materials during the year to help your child’s
K–12 education. Education expenses that qualify for the credit also qualify for the subtraction. However, certain expenses qualify only for the
subtraction. For examples of qualifying education expenses, see the Form M1 instructions.
Subtracon Limits
The maximum subtraction allowed for purchases of personal computer hardware and educational software is $200 per family. You may split
qualifying computer expenses, up to $200, among your children any way you choose. The maximum amount of education expenses you can
subtract is $1,625 for each child in grades K through 6, and $2,500 for each child in grades 7 through 12.
If you qualify for the K–12 Education Credit (Schedule M1REF, line 3) and you cannot use all of your education expenses on Schedule
M1ED, complete the Worksheet for Line 13. See Income Tax Fact Sheet 8, K–12 Education Subtraction and Credit, for more information.
Enter your qualifying education expenses on line 13. Also, enter each child’s name and grade at the time the expenses were paid.
M1M-2
Connued
Worksheet for line 12
1 Enter the amount from line 9 of federal Form 1040 or 1040-SR ................................................
2 Enter the amount from line 6b of federal Form 1040 or 1040-SR ...............................................
3 Subtract step 2 from step 1 .............................................................................
4 Enter the amount from line 6a of federal Form 1040 or 1040-SR ...............................................
5 Multiply step 4 by 50% (0.50) ..........................................................................
6 Enter the amount you included or should have included on line 2a of federal Form 1040 or 1040-SR ..................
7 Add steps 3, 5 and 6 ..................................................................................
8 Enter the amount on line 26 of federal Schedule 1 ..........................................................
9 Enter the amount on line 21 of federal Schedule 1 ..........................................................
10 Subtract step 9 from step 8. If zero or less, enter 0 ..........................................................
11 Subtract step 10 from step 7. If zero or less, enter 0 .........................................................
12 Enter the amount for your ling status from below: .........................................................
Married Filing Jointly or Qualifying Widow(er): $80,270
Single or Head of household: $62,710
Married Filing Separate: $40,135
13 Subtract step 12 from step 11. If zero or less, enter 0 ........................................................
14 Multiply step 13 by 20% (.20) ..........................................................................
15 Enter the amount for your ling status from below .........................................................
Married Filing Jointly or Qualifying Widow(er): $5,290
Single or Head of household: $4,130
Married Filing Separate: $2,645
16 Subtract step 14 from step 15. If zero or less, enter 0 ........................................................
17 Enter the amount from step 2 ...........................................................................
18 Enter the amount of Tier 1 railroad retirement benets included on line 17 of Schedule M1M. .........................
19 Subtract step 18 from step 17. If zero or less, enter 0. ...........................................................
20 Enter step 16 or step 19 , whichever is less. Also enter this amount on line 12 of Schedule M1M........................
Line 14 — Net Interest From U.S. Bonds
Include federally taxable interest you received from:
• U.S. bonds, bills, notes, savings bonds, and certicates of indebtedness
• Sallie Mae bonds
• Dividends paid to you by mutual funds that are attributable to these bonds
• U.S. Government interest and dividends you received as partner of a partnership, shareholder of an S corporation, or beneciary of a trust
Reduce these amounts by any related investment interest and other expenses deducted on your federal return relating to this income. Do not
include interest or dividends attributable to Ginnie Mae, Fannie Mae, or Freddie Mac bonds. See Income Tax Fact Sheet 13, U.S. Government
Interest, if you received interest from a government source not listed.
Line 15 — Contribuons to a 529 plan
You may be able to deduct certain contributions made to a 529 plan. To determine the amount of your subtraction, complete and include
Schedule M1529, Education Savings Account Contribution Credit or Subtraction, and enter the amount from line 4 of Schedule M1529 on
line 15.
Line 16 — Subtracon for Persons 65 or Older or Permanently and Totally Disabled (Schedule M1R)
You may qualify for a subtraction if either of the following apply to you (or your spouse, if ling a joint return):
• You were born before January 2, 1957.
• You were permanently and totally disabled and received federally taxable disability income in 2021. If you did not receive federally tax-
able disability income, you do not qualify for this subtraction.
If you (or your spouse, if ling jointly) meet the age or disability requirement, see the Form M1 instructions to determine if you meet the
income requirements.
If you meet all eligibility requirements, complete and include Schedule M1R, Age 65 or Older/Disabled Subtraction.
Line 17 — Railroad Rerement Board Benets
If you included unemployment, sick pay, or retirement benets from the Railroad Retirement Board in your 2021 federal adjusted gross in-
come, you can subtract these amounts.
Line 18 — Reciprocity Income
Minnesota has income tax reciprocity agreements with Michigan and North Dakota. Reciprocity applies only to personal service income,
such as wages, salaries, tips, commissions, fees, and bonuses. Complete line 18 if all of the following are true:
• You are a resident of a reciprocity state.
• Your only Minnesota source income was wages covered under reciprocity.
• You had Minnesota income tax withheld from these wages, and want a refund of the amount withheld. Place an X in the box for the state of
which you were a permanent resident during the year, and enter the amount from line 1 of Form M1 on line 18 of Schedule M1M.
When you le Form M1, follow the steps in the Form M1 instructions. Also complete and include the following:
• Schedule M1W, Minnesota Income Tax Withheld
• Form MWR, Reciprocity Exemption/Adavit of Residency
• A copy of your home state tax return
To avoid having Minnesota tax withheld in the future on wages covered by reciprocity, le Form MWR each year with your employer.
When to complete Schedule M1NR: If your gross income assignable to Minnesota (other than from performing personal services covered
under reciprocity) is $12,525 or more, you are not eligible to take the reciprocity subtraction on line 18. Instead, le Form M1 and Schedule
M1NR. Do not include your personal service income on column B of Schedule M1NR.
Line 19 — American Indians Living on an Indian Reservaon
If you are a member of an American Indian tribe living and working on the reservation of which you are an enrolled member, enter your
reservation source income to the extent it is federally taxable.
If you are eligible to subtract reservation source income, you must apportion any Child and Dependent Care Credit you claim based on your
income taxable to Minnesota.
M1M-3
Connued
Worksheet for Line 13
If you qualify for the K–12 Education Credit and you cannot use all of your education expenses on Schedule M1ED,
determine line 13 of Schedule M1M by completing the following steps:
1 Qualifying tuition expenses ............................................................................
2 Qualifying computer expenses in excess of $200, up to a maximum of $200 .....................................
Complete steps 3–6 if on Schedule M1ED line 17 is less than line 16.
3 Line 15 of Schedule M1ED ...........................................................................
4 Line 18 of Schedule M1ED ...........................................................................
5 Multiply step 4 by 1.333 ..............................................................................
6 Subtract step 5 from step 3 ............................................................................
7 Add steps 1, 2, and 6 .................................................................................
Enter the result from step 7—up to the maximum subtraction amount per child—on line 13 of Schedule M1M.
M1M-4
Line 20 — Federal Acve Duty Military Pay Received by Residents
If you are a Minnesota resident and a member of the United States armed forces or United Nations armed forces, enter the federal active duty
military pay you received and included in your federal adjusted gross income.
Line 21 — Naonal Guard Members and Reservists
Members of the Minnesota National Guard and Reserves are allowed a subtraction of federally taxable pay received for training and certain
types of qualifying service. This includes:
• Training, including annual training and drill weekends.
• State active service, including natural disaster emergency response and missing person searches.
• Federally funded state active service such as airport security duty, Active Duty Operational Support (ADOS), and service under Title 10
and Title 32 Active Guard Reserve (AGR).
If you included income on line 20 for federal active duty pay, do not include that income on line 21.
Line 23 — Organ Donor
If, while living, you, your spouse (if ling jointly), or a dependent donated all or part of a liver, pancreas, kidney, intestine, lung, or bone mar-
row to another person, you can subtract your actual qualied expenses up to $10,000.
Qualied expenses are your unreimbursed expenses for travel and lodging and for any lost wages net of sick pay due to the transplantation.
Line 24 – Volunteer mileage reimbursement subtracon
If you received mileage reimbursement in volunteer service for an organization eligible for a charitable contribution under Internal Revenue
Code section 170(c), you may subtract the amount you received which exceeded the 14 cent per mile volunteer mileage rate. There is a cap of
56 cents per mile for 2021. Complete the Worksheet for Line 24 for each organization which reimbursed you for mileage greater than the vol-
unteer mileage rate. Combine the result of step 6 for all worksheets completed and enter the total on line 24 If each organization reimbursed
you at the same rate, you may use one worksheet and combine all reimbursements received on step 1.
Line 25 — Military Pension or Rerement Pay
If you received certain compensation from a military pension or other military retirement pay, you may reduce your taxable income by that
pay. To qualify, your retirement pay must be taxable on your federal return and received for one of the following reasons:
• Service in the active component of the military (U.S. Code, title 10, sections 1401 to 1414)
• Retirement pay for service in the reserve component (U.S. Code, title 10, section 12733)
• Survivor benet plan payments (U.S. Code, title 10, sections 1447 to 1455)
If you claim this subtraction, you may not claim the nonrefundable credit for past military service on line 1 of Schedule M1C, Other Nonre-
fundable Credits.
Line 26 — Post-Service Educaon Awards Received for Service in an AmeriCorps Naonal Service Program
If you received a post-service education award, such as tuition reimbursements or student loan payments, from the federal government in
2021 for service in the AmeriCorps program, you can subtract the amount you included in your federal adjusted gross income. Enter the
amount you received after leaving the program. Do not include the stipend received while working in the program.
If your education award was used to repay a student loan, and you deducted the student loan interest on line 21 of federal Schedule 1, you
must reduce your subtraction by the interest attributable to the award.
Line 27 — First-Time Homebuyers Savings Account
If you contributed to a designated rst-time homebuyer savings account since 2017, you may be eligible to subtract your earnings on the ac-
count. Complete and include Schedule M1HOME, First-Time Homebuyer Savings Account, to determine your subtraction amount.
Line 28 — Discharge of Indebtedness for Educaon Loans
If you had a qualifying education loan forgiven because you completed an income-driven repayment program, enter the amount of debt dis-
charged and included in federal adjusted gross income.
Worksheet for Line 24
1 Reimbursements for miles driven in volunteer service that you received in 2021 ......................................
2 Number of volunteer miles related to reimbursements on step 1 ...................................................
3 Multiply step 2 by 14 cents ................................................................................
4 Multiply step 2 by 56 cents .....................................................................................
5 Enter the lesser of step 1 or step 4 ...........................................................................
6 Subtract step 3 from step 5. Include this amount on line 24 of Schedule M1M...........................................
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2021 Schedule M1M, Income Addions and Subtracons (Minnesota Department of Revenue)

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